(Bloomberg) -- ’Tis the season, for investors to look at stocks that may have gotten crushed by tax-loss selling.

The Canadian S&P TSX is down more than 6% year-to-date and has created opportunities for investors to consider several stocks that have probably been hit by tax-loss selling, according to Canaccord Genuity’s Canadian Research team.

The companies on the list are mainly energy and materials stocks, since the main sectors contributing to the year-to-date decline in the TSX range from materials and energy to consumer discretionary and financials.

READ: Canadian Stocks a ‘Huge Contrarian Buy,’ BMO’s Belski Says

The List

The complete list of Canadian stocks with potential opportunity due to tax-loss related selling, based on their year-to-date underperformance:

  • Maxar Technologies, -70%
  • Real Matters, -66%
  • Crew Energy, -62%
  • Crescent Point Energy, -48%
  • Turquoise Hill Resources, -41%
  • Hudbay Minerals, -40%
  • Ivanhoe Mines, -38%
  • Dollarama, -33%
  • CI Financial, -33%
  • Baytex Energy, -31%
  • Bird Construction, -31%
  • Stuart Olson, -28%
  • Cogeco Communications, -26%
  • Goldcorp, -22%
  • Canadian Natural Resources, -21%
  • Manulife Financial, -16%
  • Kinaxis, -12%

The Switch Trades

Canaccord also highlights 2 switch trades that have emerged from tax-loss selling. The team recommends switching to Secure Energy Services (down 35 percent year-to-date) from Calfrac Energy (fell 7 percent year-to-date). Another potential switch trade is out of Pembina Pipeline (down 2 percent year-to-date) and in to AltaGas (down 45 percent year-to-date).

To contact the reporter on this story: Aoyon Ashraf in Toronto at aashraf7@bloomberg.net

To contact the editors responsible for this story: Courtney Dentch at cdentch1@bloomberg.net, Scott Schnipper

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